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Slack Technologies Inc. is expected to be valued by investors at $ 16 billion to $ 17 billion when it lists its shares publicly next week, according to people familiar with the matter.
That valuation is roughly based on the workplace chat and collaboration software company’s projected revenue and…
Businesses are starting to use AI for recruiting and managing employees. Those that don’t adopt it risk being left behind.
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Drones are great. But they are also flying machines that can do lots of stupid and dangerous things. Like, for instance, fly over a major league baseball game packed with spectators. It happened at Fenway Park last night, and the FAA is not happy.
The illegal flight took place last night during a Red Sox-Blue Jays game at Fenway; the drone, a conspicuously white DJI Phantom, reportedly first showed up around 9:30 PM, coming and going over the next hour.
One of the many fans who shot a video of the drone, Chris O’Brien, told CBS Boston that “it would kind of drop fast then go back up then drop and spin. It was getting really low and close to the players. At one point it was getting really low and I was wondering are they going to pause the game and whatever, but they never did.
Places where flying is regularly prohibited, like airports and major landmarks like stadiums, often have no-fly rules baked into the GPS systems of drones — and that’s the case with DJI. In a statement, however, the company said that “whoever flew this drone over the stadium apparently overrode our geofencing system and deliberately violated the FAA temporary flight restriction in place over the game.”
The FAA said that it (and Boston PD) is investigating both to local news and in a tweet explaining why it is illegal.
That’s three nautical miles, which is quite a distance, covering much of central Boston. You don’t really take chances when there are tens of thousands of people all gathered in one spot on a regular basis like that. Drones open up some pretty ugly security scenarios.
Of course, this wasn’t a mile and a half from Fenway, which might have earned a slap on the wrist, but directly over the park, which as the FAA notes above could lead to hundreds of thousands in fines and actual prison time. It’s not hard to imagine why: If that drone had lost power or caught a gust (or been hit by a fly ball, at that altitude), it could have hurt or killed someone in the crowd.
It’s especially concerning when the FAA is working on establishing new rules for both hobby and professional drone use. You should leave a comment there if you feel strongly about this, by the way.
Here’s hoping they catch the idiot who did this. It just goes to show that you can’t trust people to follow the rules, even when they’re coded into a craft’s OS. It’s things like this that make mandatory registration of drones sound like a pretty good idea.
(Red Sox won, by the way. But the season’s off to a rough start.)
Three Ukrainian companies have developed an English-language chat bot that provides consulting services to businesses and investors in the crypto industry. The AI-based platform, Ailo, offers a range of automated services but it can also deal with cases that require human intervention and professional legal advice.
Ailo Tests ICOs for Free
Law firm Juscutum, crypto-payment solutions provider Paytomat and software developer Cryptogroup are behind the innovative project. Ailo, which is now live in testing mode, provides some of its services free of charge. Others can be paid with cryptocurrency. One useful feature, for example, determines whether a token is a security (Howey test) and if an initial coin offering (ICO) has the features of a fraudulent scheme (scam test).
The platform can also advise startups on where to conduct their token sales. A test run of the “Choosing jurisdiction of ICO” module suggested Gibraltar and Belarus. Indeed, both places are among the most crypto-friendly jurisdictions in Europe, along with Malta, Switzerland and Liechtenstein. In a list of destinations, Ailo provides the top two suggestions for free.
А team of legal experts can also prepare a number of documents that ICO companies might need. Some of these services are automated and free, such as the drafting of nondisclosure (NDA) agreements. Others require additional attention from professionals and are provided for a fee. These services are priced in cryptocurrency and the partners in the project currently accept BTC and ETH.
The cost of drafting a whitepaper legal notice, for example, is 0.01 BTC. Investment agreements, used to protect the interests of crypto companies and investors while also ensuring the security of funds raised through ICOs, cost 0.08 BTC. These agreements, which regulate the relations between the parties in a token sale, are offered as token sale agreements or as simple agreements of future tokens.
Experts Review Specific Requests
The project’s legal experts can draft even more specific documents. For instance, companies providing services in exchange for using some of their customers’ computing power to mine cryptocurrencies can order an “End User License and Mining Agreement.” Ailo also helps businesses meet a number of requirements that stem from various privacy and data protection laws such as the EU General Data Protection Regulation (GDPR) and other anti-money laundering and know-your-customer regulations.
Most standardized services require filling out a questionnaire designed to help the bot classify requests. Once a cryptocurrency payment is made through Paytomat’s system, Ailo generates the respective legal template and sends it to the client. Inquiries not covered by the website can be sent directly to Ailo’s creators via the “Ping human team” option.
Artem Amfyan, a Juscutum representative who has been working on the project, told the Ukrainian news outlet Ain that in the future Ailo will be able to provide a full spectrum of services related to security token offerings (STOs), cryptocurrency trading, mining operations and venture capital investments. Amfyan added that the project team plans to expand its services to cover the needs of the entire blockchain industry. The team is now trying to establish an affiliate network and is currently negotiating with prominent lawyers in the field of crypto regulations.
What do you think about the Ailo project? Tell us in the comments section below.
Images courtesy of Shutterstock.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
French President Emmanuel Macron chatted privately Friday with Saudi Arabia’s controversial crown prince on the sidelines of the G-20 summit, but some intriguing snippets were caught by microphones. (Watch the video .) The Guardian provides some highlights as Macron appears to be trying to advise and/or warn Mohammed bin Salman,…
In this edition of The Daily, we look at Square’s recent decision to open-source its Subzero cold storage solution. We also focus on Bitcurate’s new cryptocurrency market intelligence service, as well as the chat platform that Coin Stats is launching for cryptocurrency investors and coin teams.
Square Shares Code, Tools and Documentation
Square, a mobile payments app developer, is open-sourcing the documentation, code, and tools for Subzero, the platform’s cold storage solution for cryptocurrency holdings. Subzero uses hardware security modules (HSMs) — specialized devices that store sensitive data — to perform operations with the private keys of cryptocurrency wallets.
Last year, Square started offering customers the option to buy, sell and withdraw bitcoin core (BTC) with its Cash App. Users can view their holdings whenever they want, but the company claims it keeps only a small amount of customers’ coins in online hot wallets to facilitate transactions, while storing the rest in offline cold wallets. Other security features include the ability to customize the service, so the cold wallets can only send funds to Square’s hot wallet, as well as the implementation of multi-signature procedures.
“Since launching bitcoin support, Square developed a robust approach to bitcoin cold storage, and we recognize the importance of sharing our work with the community,” the company explained in a statement on Medium. “As a result, today we’re open-sourcing the documentation, code, and tools for Subzero, our HSM-backed solution for protecting Square’s bitcoin holdings.”
Bitcurate Starts Crypto
Market Intelligence Service
Bitcurate, a Chinese company that provides cryptocurrency data intelligence solutions, launched a new crypto market intelligence platform this week. The service combines expert analysis with natural language processing and machine learning technology to provide investors with real-time market insights. The platform aggregates information from news sources, social media platforms, chat groups and online forums. It also utilizes data from traders, exchange APIs, the crypto futures market, and other financial instruments. In total, the company claims that it processes more than five million sentiment data points per day.
Bitcurate acknowledges that a lot of trading decisions are motivated by mere “noise.” However, it also claims that roughly 90 percent of movements in the cryptocurrency market are purely driven by sentiment.
“The best investment strategies are data-driven,” said Bitcurate CEO Victor Lee in an online statement. “However, the market today is fragmented, making it difficult and time-consuming for investors to find the accurate, wide-ranging information they need to make calculated decisions. That’s why our platform tracks millions of data points every day.”
Bitcurate offers its subscribers a range of trading data for the cryptocurrencies they are specifically interested in, including real-time exchange rates, sentiment scores and recent price changes, as well as the latest news from the cryptocurrency space. In addition, the platform ranks digital coins according to their U.S. dollar value and trading volume.
Bridging the Communication Gap
The developers of Coin Stats, a cryptocurrency portfolio tracking app, have launched a new feature that will allow users to chat with other cryptocurrency enthusiasts, digital asset investors and developers. Coin Stats Direct will maintain chat groups dedicated to specific cryptocurrencies within its Coin Stats application. The platform will allow users to post questions about different projects and start discussions. Project teams, on the other hand, will be able to post updates about their coins, while also fielding questions from the public and providing users with the latest information about the progress of their initiatives.
Coin Stats Direct is designed to bridge the communication gap that exists between investors and coin teams. It aims to increase transparency in the cryptocurrency space by connecting project teams and users. The platform will initially support nine coins: bitcoin cash (BCH), bitcoin core (BTC), ether (ETH), ripple (XRP), EOS, NEO, stellar (XLM), vechain (VET) and appcoins. The company said it plans to add other cryptocurrencies and tokens to its platform in the near future.
What are your thoughts on today’s news tidbits? Tell us in the comments section below.
Images courtesy of Shutterstock, Bitcurate.
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The post The Daily: Square Open-Sources Subzero, Coin Stats Launches Chat Platform appeared first on Bitcoin News.
The operator of Japan’s most popular chat app with approximately 168 million monthly users has announced its plans to launch a cryptocurrency exchange. Line Corporation has already begun the registration process as a crypto exchange with the country’s financial regulator.
Line Starting Crypto Business
The operator of Japan’s most popular messaging app, Line Corporation, officially announced its plans on Wednesday to launch a cryptocurrency exchange.
The company has established a subsidiary called Line Financial Corporation “as a follow-up to Line Pay” in order to “further reinforce its position in the financial business domain,” its announcement details, adding that:
Going forward, Line will use this new company as a base as it proceeds with preparations to provide a variety of financial services, including a place to exchange and transact virtual currencies, loans, and insurance – all from the Line app
Line Pay is the mobile money transfer and payment service linked to the Line chat app. Launched in 2014, it has signed deals with over 30 banks across Japan to allow instant transactions using its platform, as news.Bitcoin.com previously reported. In Wednesday’s announcement, the company claims that Line Pay’s registered users have reached 40 million and its global transaction volume last year exceeded 450 million yen (~US$ 4.14 million). However, the company has not confirmed whether its new cryptocurrency exchange will be integrated into Line Pay.
Application to Operate a Crypto Exchange
Since the Japanese Payment Services Act went into effect in April of last year, all companies seeking to operate cryptocurrency exchanges must register with the country’s Financial Services Agency (FSA). So far, 16 crypto exchanges have been approved.
Line revealed on Wednesday:
The application process for registration as a virtual currency exchanger has already been started with the Financial Services Agency, and it is currently under review.
The company’s announcement came amid the FSA’s investigations of all cryptocurrency exchanges in Japan following the recent hack of one of the country’s largest crypto exchanges, Coincheck. The FSA typically takes two months to approve a registration, except for Coincheck’s application which it has been reviewing for over four months.
Regarding the Coincheck hack, president and CEO of Line Corporation Takeshi Uezawa commented that “security is Line’s priority,” NHK reported.
Line’s crypto exchange announcement came as its counterpart in South Korea rose to become the country’s largest crypto exchange by trading volume in just a few months. Upbit is an exchange backed by Kakao Corp which operates South Korea’s most popular chat app, Kakao Talk. While Upbit has over 120 coins listed due to its partnership with the US-based Bittrex, Line has not revealed how many cryptocurrencies will be supported on its platform.
Do you think Line’s crypto exchange will do well? Will you use it? Let us know in the comments section below.
Images courtesy of Shutterstock, Nikkei, and Line Corporation.
Need to calculate your bitcoin holdings? Check our tools section.
The post Japan’s Most Popular Chat App Launching Cryptocurrency Exchange appeared first on Bitcoin News.
It was business as usual in the virtual reality chat room until the robot had a seizure. The Verge reports the unnerving incident happened Wednesday on VRChat, where users in the forms of avatars can interact with each other. According to the Daily Dot , “Morty, Sonic, Knuckles, a dude in…
Japan’s most popular chat app, with 168 million active monthly users, Line, could soon integrate cryptocurrencies. The company is reportedly in talks with a number of companies to integrate cryptocurrencies into its mobile payment service, Line Pay.
Line Could Soon Integrate Cryptocurrencies
The operator of Japan’s most popular messaging app, Line Corp, is reportedly working to integrate cryptocurrencies into its platform.
According to people familiar with the matter, the Tokyo-based company “is in discussions with multiple companies on using cryptocurrencies for payment services including Line Pay,” adding that:
The broader goal is to create products that keep users within Line’s ecosystem and keep them coming back to the app, increasing ‘stickiness.’
Line Pay is the mobile payments service used in the chat app. Launched in 2014, it has signed deals with over 30 banks across Japan to allow instant transactions using its platform, according to Mobile World Live. In May of last year, Line Pay reached 30 million users in Japan.
Line has a market value of ¥1.2 trillion (~USD$ 10.75 billion). The app currently has about 168 million monthly active users in its primary markets of Japan, Taiwan, Thailand, and Indonesia.
Speculation of a Collaboration with Kakao’s Upbit
Line has not named the companies it is in discussion with. However, there is “speculation that it was looking to tie up with South Korean bitcoin exchange Upbit,” according to a Bloomberg report. However, a representative for Line declined to comment on a potential alliance with Upbit.
The South Korean exchange is backed by Kakao Corporation, the operator of the country’s most popular chat app, Kakao Talk.
Since its launch in October, Upbit has rapidly gained market share in South Korea. In December of last year, the platform claimed that its volumes exceeded those of Bithumb, South Korea’s largest exchange by volume. There are currently over 120 coins listed on Upbit, thanks to a partnership with the US-based exchange, Bittrex.
Makers of chat apps around the world are starting to take notice. Earlier this week, Facebook’s CEO Mark Zuckerberg said that cryptocurrencies and blockchain technology could potentially be used on Facebook’s platform.
Do you think Line will soon integrate cryptocurrencies? Do you think Kakao’s Upbit is the right partner for Line? Let us know in the comments section below.
Images courtesy of Shutterstock, Line Corp, and Kakao Corp.
Need to calculate your bitcoin holdings? Check our tools section.
The post Japan’s Most Popular Chat App In Talks to Integrate Cryptocurrencies appeared first on Bitcoin News.
Chinese authorities scour messaging apps for sensitive words and images—even those sent privately—prompting police to question, and even jail, some who send them.
WSJ.com: What’s News Asia